Drive Power LLC

$25,000 PPP Loan in Wauconda, Illinois

Loan Details

Loan Number
8234597202
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$25,000
Current Approval
$25,000
Forgiveness Amount
$25,256
Forgiveness Date
May 4, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Drive Power LLC
Address
29800 N. US Highway 12
ZIP Code
60084-3125
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Other Services (except Public Administration) (811113)
Business Age
Existing or more than 2 years old
Jobs Reported
3
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
IL-11

Loan Use Breakdown

Payroll
$18,750
Rent
$3,125
Utilities
$3,125

Lender Information

Servicing Lender
State Bank of the Lakes, National Association
Originating Lender
State Bank of the Lakes, National Association

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